Sequoia China leads $40 million round in DataVisor’s fraud detection software

DataVisor, which provides fraud detection software, announced today that it has raised $40 million in a round led by Sequoia Capital China. Existing investors New Enterprise Associates (NEA) and GSR Ventures also joined.
The software analyzes client data and uses machine learning to identify fraudulent transactions, spam and abuse, identity theft, application fraud, insider abuse, money laundering, and more. It is sold on a subscription basis and can be deployed either on the cloud or in a priva